NYCPHP Meetup

[inforequest]

Rolan Yang rolan-at-omnistep.com |nyphp dev/internal group use| wrote:

>If you are incorporated and paying yourself as an employee, you might 
>want to look into those online payroll services. They automatically 
>deduct taxes for your your own "payroll" and also 1099's. I use 
>powerpayroll.com which used to be called PayMaxx. Costs $26/mo. Prior to 
>that, I tried some of the bigger name payroll services like PayChex, but 
>was unsatisfied with their service.
>
>~Rolan
>
>david.ngo wrote:
>  
>
>>Hello,
>>    Not exactly on topic, but I am looking for a good accountant to 
>>manage my 1099 contract taxes. Do you many of you guys have s-corps to
>>handle all your contracting jobs?
>>
>>   Any recommendations?
>>  
>>
I second Rolan's comments on PayChex. I was paying nearly $76/month per 
and dissatisfied frequently with the service levels. I have also had ADP 
process a $90k/month salary level without thinking and not handle the 
subsequent
"problem resolution" attempts very well. Yeah, sure I pay $90k/month to 
an employee. Duh.

By the way, that showed up as a $46k tax witholding... pulled right from 
the checking account. If you ever wondered what it would be like to make 
$1.09 mill per year, I can tell you it's gonna suck at tax time :-)

One thing to watch when you go to any payroll service is the state 
add-on fees.  They correctly show you how they will auto file for you 
various required state forms for HR, EOE and such, and they are correct 
it is a hassle. However, an accountant in your field knows about that 
stuff and files it for you for a lower overall fee in my experience. I 
found it to be a FUD factor used to keep you on a higher cost plan.

-=john

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